The property asset involved in the transaction is a newly-built industrial warehouse located at 21601 Gateway Drive in Lakeville, MN. This asset, known as the Lakeville Logistics Center, was sold to Stag Industrial at a price of $43,100,000. The facility encompasses 360,000 square feet and was completed in June by Oppidan Investment Company, making it the largest industrial building developed in the area since 2022. The property is fully leased to Sweet Harvest Foods and Core Resources Inc.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $43,100,000
• Address: 21601 Gateway Drive
• Market: Lakeville, MN
• Square Footage: 360,000
• Price Per Square Foot: $120
• Buyer: William Crooker - Stag Industrial
• Seller: Oppidan Investment Company
• Broker: Transwestern

The key individuals involved in the deal include William Crooker representing the buyer, Stag Industrial, and Oppidan Investment Company, the seller. Transwestern acted as the broker facilitating the transaction, contributing to one of the highest-priced single-property warehouse transactions in the Twin Cities this year.